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On August 15, 2019, the central bank of Mexico (Banxico) launched a public consultation on a draft instrument called “General provisions applicable to electronic payment funds institutions...
On August 9, 2018, the Financial Supervisory Commission (FSC) launched a public consultation to amend certain provisions of the Rules Governing the Business of Electronic Stored Value Card Issuers....
Cosmos Co-operative Bank in India has fallen victim to a “cash-out” malware attack, with funds being fraudulently withdrawn from ATMs in more than 14,000 transactions across 29 countries, just days...
The Reserve Bank of Australia is said to be “hesitant” to lower interchange fees to zero, after the government received recommendations to ban the charge by the end of next year.
Two months into the age of legal sports betting in New Jersey, a new era of online wagering has begun — but question marks remain over whether card issuers will be willing to play ball in...
An enforcement drive in China’s trillion-dollar payments sector is gathering momentum, after mobile wallet behemoth Alipay was fined more than ¥4m ($600,000) by the country’s central bank.
Advisors to the Australian government have called for interchange fees to be banned by the end of next year and suggested that authorities should investigate direct regulation of the merchant...
India’s long-awaited personal data protection bill has given hope to payments firms that stringent data localisation requirements recently imposed by the central bank could be relaxed.
Israel’s attempts to inject competition into its payments sector have taken another twist, after the central bank blocked banking giant Leumi from owning a 20 percent stake in its credit card...
On August 2, 2018, the Bank of Israel announced further measures that will help the separation process of the credit card companies. These measures follow a previous decision by the bank that two...
On August 1, 2018, the Payment Card Industry Security Standards Council (PCI SSC) published the PCI PIN Security Requirements and Testing Procedures version 3.0. This updates the PCI security...
Banks and digital payment providers are on the “front line” of the fight against human trafficking, according to a new report, after proceeds generated were found to have risen substantially in the...
The UK’s payments watchdog has said that restrictions on access to Apple’s contactless technology do not appear to be hindering competition in the mobile payments market, after card issuers failed...
A European Parliament committee has tentatively backed new transparency controls on card issuers providing cross-border payments, marking its first foray into a divisive proposed new regulation.
Private equity firm Warburg Pincus has agreed to buy Leumi Card for $682m, a milestone in Israel’s drive to diversify its payments market by forcing the largest banks to divest their credit card...
Following the Court of Appeal’s landmark decision on historic complaints against Visa and Mastercard’s multilateral interchange fees, questions have arisen over the possibility of retrospective...

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